Episode Transcript
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Speaker 1 (00:04):
Welcome back to Investing in Trading Live sponsored by Trading Academy,
and the last segment we did a stock market update
on what's happening in these markets. Obviously, we had some
trade development, we discussed sector shifts and some stock specific news.
We're going to get into more of that in the
third segment, and we had a lot of people texting
in and going to the website for these free investing
(00:27):
and trading workshops that we host right here at the Academy,
right here in Bloomington, but all across the metro. As
I mentioned, we are coming to a neighborhood near you,
teaching people just like you the skills, then the techniques,
the concepts, the dos that don't how to get in
these financial markets. If you're brand new or if you're
a seasoned investor and looking for more consistency, Trading Academy
(00:48):
has these free trading and investing workshops to help navigate
your way through these markets. If you miss seats for that,
just text the word investing to the number two ten
two ten right now for two eats for that free
investing in Trading workshop, or go to trading academy dot
com and you can pick your own seat there. We
have these classes during the week, the weekends, dude, the days,
(01:09):
and the evenings, so anybody can attend. Also, make sure
to follow and subscribe to the podcast Investing in Trading Live.
Wherever you listen to your podcasts, have a podcast iHeartRadio
and Spotify. And in this next segment here, I have
a very special guest with me here today. His name
is the one and only Kevin Young. Kevin, how you
doing today?
Speaker 2 (01:26):
I'm doing fantastic, Josh, And it's always good to be back, man.
I love that energy. It's like it's like a fresh
breath of air.
Speaker 1 (01:34):
And I like that energy because we're going to talk
about the the public pulse right what's the pulse of
the public as far as what they're seeing out there,
what they're feeling out there with these markets. Obviously, markets
keep rallying day after day, week after week, month after months,
but I don't know if the public is actually understanding
what's happening right now. So I'd like you to break
that down a little bit as far as what your
(01:56):
opinion on the market is, but also what people are
at actually feeling out there. Give me some insight on that.
Speaker 2 (02:02):
Kepn Well, I think, Josh, people are feeling fantastic. You know,
market continues to bounce off of all time highs. The
uh you know, our politicians are getting close I hope
to securing a new budget deal. So the public feels fantastic,
But unfortunately, there's some underlying challenges that people need to
(02:22):
realize could have a very negative impact on our ability
to one day be able to walk away. And that's
you know, our debtload of this country. Our debtload in
this country is scary. If you and I spent money
like that, Josh, we'd be out of business. But the
reality of it is our government, they just continue to
spend money. Well, that's going to have a negative impact
(02:42):
on the overall economy because it's more interest that we've
got to pay to our debt. You know, the real
estate market is beginning to show some cracks in it.
So these are challenges that everyone has to have a
reality about. And the reality about is the best time
to prepare is when, in my opinion, things are good.
And that's why we do offer that free class, and
(03:04):
we in that free class, we talk about some of
the opportunities out there, We talk about how the markets
actually work, we talk about how you can take advantage
of these markets even any time when the market is
going up, because it's not always going to go up.
You know, this market could just bubble sideways for the
next five or ten years. Well, that's not going to
help anyone's retirement accounts out there. You know, this market
(03:28):
could continue to bounce off of all time highs. But
if we see any type of a decrement, there are
tools that we talk about in this class that you
can use to take advantage of any marketplace direction.
Speaker 1 (03:39):
Well, you have really two bullet points there. You have
the public pulse, which is they're feeling great, But that's
almost a psychological trick that's being created on people because
the market is up. But the fact of the matter
is people aren't actually okay. You have underfunded retirement accounts,
you know, we talk about that every week on the show.
(04:01):
You have people working longer, So we're seeing a lot
of people that are coming to the academy here that
want to be able to have more control of their finances. Now,
in your opinion, what are some of the best things
or starting points you can do to be able to
control that trajectory. I don't even know I can say
(04:22):
that word in that future.
Speaker 2 (04:24):
Yeah, control is extremely important for individuals, and one of
the challenges that we continue to see, you know, each
and every day here at the Academy is people truly
don't know a lot about what is actually going on.
They don't know a lot about their own individual accounts.
You know, my parents and my grandparents they had pensions. Unfortunately,
(04:48):
the majority of people out there don't have pensions where
the company was going to take care of you your
entire life.
Speaker 1 (04:53):
Well, the problem as well is most of those pensions,
if they do have any, I think the stat is
eighty percent or underfunded.
Speaker 2 (04:59):
Exactly right. But the reality of that is, in today's markets,
it's up to the individual to take care of themselves
because they've been in place. You know, they've been placed
in a four one K or a four or three
B or one of these other kind of retirement accounts.
That's why being financially literate is so important. And the
reality of this, Josh is it's a two hour class
(05:21):
where we review all of the different opportunities. You know,
this could be something as simple as having a better
conversation with your broker or your advisor. It could be
you know, looking at the markets as a potential secondary
or tertiary income. I mean, there's amazing strategies that you
can use to accomplish that. And to your point, that
could be used for any number of reasons. It could
(05:43):
be used to start that retirement account, it could be
used to shore up an underfunded retirement account. It could
be used to use as a secondary or a tertiary income.
But we review all of that during that those two
hours in that.
Speaker 1 (05:57):
Free class, and that's why we host these all across
the Metro. We have our state of the art facility
right here in Bloomington. We're easy to get to right
off the highway. You can see our building right off
the highway. But also these other locations all across the
Metro because we're coming to neighborhoods near you. That way,
it's much easier. I have some friends that live in
the South Metro and boy, getting them across that river
(06:18):
sometimes it's tough. So that's why we have these all
across the Metro to make it easier for you to
get started. So I'd like to invite you to one
of these free investing and trading workshops here at the
Academy or at one of our other locations. Simply just
text the word investing to the number two ten two ten.
That's text investing. If you're driving, you might want to
pull over to the number two ten two ten, or
(06:38):
go straight to our landing page, which is Tradingacademy dot
com and you can pick your own seat and your
own date there. We have these classes during the days,
the weekends, the evenings. Kevin teaches these itcs as well,
and we have a great time. So bring your questions in.
It's a conversation about these markets and then the concepts
techniques that we actually have access to that you might
(06:59):
just not know that are available to you. So text
investing too the number two ten two ten, or go
to traded Academy dot com.
Speaker 2 (07:05):
And Josh, we actually encourage you to bring. You know
your sons and your daughters. I know, I just had
a very good conversation with my two boys this week.
And our education system is truly challenging. We're not teaching
our kids solid financial literacy, you know, We're teaching them
how to fill out a credit card application and basics
(07:26):
about marriages, yeah, how to spend money. It drives me
crazy and we as appearance. If we really don't take
a more active role in guiding our own kids down
the right path, what is going to change and they're
going to be in the exact same challenging situation that
we're in. So we encourage families to come in. We
encourage bringing the kids sons, daughter, grandson, granddaughters that you know,
(07:49):
can really comprehend all of these different opportunities in this
marketplace and start them off on the right foot.
Speaker 1 (07:57):
Yeah, well, you mentioned something very interesting the education out there,
or I should say, I'm let me clarify that lack thereof,
because they don't train real investing and trading the market
skills or anything in high school or in college. And
that kind of goes back to what you were alluding
to earlier with the four oh one K. It's just
(08:19):
it's not getting people to their retirement goals. You're told
to go to school, you're told to go get a
good job, get a four to oh one K. You're
going to be a billionaire when you're sixty two. Well,
those ages, that retirement age keeps increasing, sixty two, sixty four,
I think they don't they call the new retirement age.
Never know, Yeah, exactly if we should call Michael Jackson
because it never never led for most people. But that's
(08:42):
why we have these investing in trading classes to guide
you down that path. Now, let's just say, Kevin, let's
just say somebody does have a four oh one K
and they feel like they're short. What are some concepts
or techniques somebody might be able to get out of
that free trading and investing class to get started to
have an opportunity to build that to where they need
(09:02):
to be.
Speaker 2 (09:02):
Well some of the objectives, some of the opportunities, Josh,
or just to be aware to your point, you know,
we're told to go raise our kids and pay our mortgages,
not pay that much attention to it, and in reality,
to your point, a lot of those accounts are underfunded.
So things that you can do well and these are
all reviewed in this free class. You know, we walk
(09:24):
through simple strategies on retirement management. We walk through the
opportunities to ensure that you're protected in any downside. We
walk through the opportunities of the options market. I mean,
I've traded options for over ten years. Love options. There's
a tremendous number of opportunities in any marketplace direction for options,
(09:45):
we review top line, the futures market, the foreign exchange market,
we walk through the cryptocurrency market top line. These are
all tools that people can use, and they've changed dramatically
over the last two years, keeping it very advantageous for
us to incorporate these strategies into our lives that we
can use short term, medium term, and long term.
Speaker 1 (10:07):
You know the interesting thing, Kevin, you're mentioning some terminology
that might be new for some people, the futures market,
the options market, and they just don't know what they are.
The cool thing about it is very accessible, Like you said,
it's very accessible to us now, and a lot of
people are listening right now. I'm probably like, well, I
don't know how to do that. Don't you have to
(10:28):
be a bank or an institution to do that? Well,
actually you don't have to be, but you just need
to understand a trade like them and the institutions, and
we talk about this week after week. They move these markets.
So that's what we need to do as traders or
investors or as the retail the public is we need
to identify where are they buying, but also where are
(10:48):
they selling? And we talk a lot about stocks, We
talk about some stocks in the first segment here, So
if you want to learn more about those futures, markets
or options, we're going to continue to discuss that in
the next few segments here, so make sure to stay
tuned for that. But how you actually build wealth at
Kevin is extra income? Now, how do you actually get started?
(11:08):
Because most people think, well, I got to go get
a second job. What are some you know, real quick
in and about maybe a minute and a half, How
is an individual able to have an opportunity to have
an income strategy to build that wealth with the market.
Speaker 2 (11:23):
Well, and that's just it, Josh, it's using one of
these opportunities, one of these tools. And that's what we
really are so proud of our community about. Is we
handhold you, we look over your shoulder, we guide you
through all of these different opportunities. And in my opinion,
it's it's take that one little step. And that's how
(11:44):
adults learn. Adults learn by getting in front of a computer,
ensuring that they're getting the proper content and and and
then practice that and that knowledge base ultimately with that
practice becomes a skill. Just like all of the listeners
did that first week that they were on a job.
I'm sure you were lost in your job right that
(12:06):
first week, and now with the experience you have, you
know it like the back of your hand. That's the
exact same process that we use at our academy, walking
you through all of these opportunities that we review in
that free class and then giving you that opportunity to
build a skill that you can use the rest of
your life. And that includes in any marketplace direction updown,
(12:27):
or even sideways markets, just like the institutions do. Because
to be honest with you, we follow the institutional footprint
out there. They are the ones that drive the market.
And one of the things that we do an amazing
job in these classes is reviewing those opportunities to write
the cotails of the institutions. Trade with the institutions, not
(12:49):
against them, and that's extremely important.
Speaker 1 (12:51):
You know, it's very interesting and if you think about it,
most of our listeners that are listening right now are
probably in their fifties, sixties, probably even seventies, and they're
probably like, oh, I'm just too old for this. Well,
news flash, you're at halftime.
Speaker 2 (13:05):
Yeah, not a chance, you're too old. Yeah, hey, hey,
I'm in that same wavelength. And you know, what I
could not imagine not having this skill as I go
into my older years.
Speaker 1 (13:15):
I will be nice and I will not disclose your
age here today, thank you. But that's what we need
as people, is that handholding. Remember when you were trying
to teach your child how to ride a bike and
you push them a little bit, and then you stayed
with them, you guided them. You're probably listening right now.
I have flashbacks because they were screaming and everything. But
then you just push them and once they understood it,
then they went and they went off and they were
(13:37):
probably gone four or five days after that. But then
you helped guide them to do different things. You know,
if you're like me, you're probably teaching them how to
hit some jumps and try to do some wheelies and everything.
So that's what that handholding actually does.
Speaker 2 (13:49):
And that's Josh, why we have a local academy with
a room full of computers and people to guide you
down that right path.
Speaker 1 (13:56):
So I'd like to invite you to one of these
free trading and investing workshops right here at the academy
to be able to build these these techniques, these concepts
for whatever you're looking to get out of the market.
Whether you're looking for an income strategy to build that wealth,
or you already have a wealth bucket and you need
to continue to grow that or just protect it. Text
the word investing right now to the number two ten
(14:18):
two ten for two seats for a free trading and
investing workshop right here at our local academy brick and play,
brick and mortar place where you can go, or at
other locations all across from Metro. Text investing to the
number two ten two ten, or go to Trading Academy
dot com and you can pick your own seat and
your own date there. As I mentioned, we have a
lot more to discuss since Kevin let the cat out
(14:40):
of the bag. We're going to talk about futures four
X options. I didn't forget about our Tesla uber coinbased
Nike palant here. We got a lot to talk about here, folks,
stay tuned. This is Josh with Investing in Trading Live.
We will be right back.
Speaker 2 (14:53):
Come and see us.
Speaker 1 (14:57):
All I better.
Speaker 2 (14:58):
I don't know where Josh or chases. Oh there is
just gotch it you get yep, good things